EUR/USD. The European currency shows mixed dynamics in the EUR/USD pair, consolidating near 1.1645. Market activity remains low as investors and forex traders avoid entering new positions ahead of the U.S. Federal Reserve meeting, with the results scheduled for December 10.
Last week, the XAU/USD pair stabilized around 4218.75 (Murray level [6/8]) amid two key sources of uncertainty: the outlook for U.S. Federal Reserve monetary policy and developments surrounding the Russia–Ukraine conflict.
The USD/CNH pair remains highly sensitive to the trade confrontation between China and the United States, which has somewhat eased over recent months. Since October, the leaders of both countries have repeatedly discussed trade terms and options for improving them: in a recent speech, U.S. President Donald Trump stated that the parties had made substantial progress.
The GBP/USD pair is consolidating near 1.3305, holding a bullish bias as the US dollar shows a neutral trend. The pound is gaining support from expectations tied to Friday’s economic release and next week’s Bank of England policy decision.
EUR/USD. The EUR/USD pair is holding near 1.1630 as investors await the outcome of the US Federal Reserve meeting, which will be released today at 21:00 (GMT+2). At this point, there is virtually no doubt that the regulator will cut the interest rate by 25 basis points to 3.75% and may also signal a shift toward monetary easing in early 2026.
The US dollar is losing value against the USD/JPY pair, correcting after strong growth earlier this week: the instrument is again preparing to test the 156.65 mark for a downward breakout, retreating from local highs from November 24 that were updated yesterday.
The UK’s leading stock index, the FTSE 100, is trading sideways around 9632.0. The end of the corporate earnings season has noticeably reduced market volatility as capital flows out of risk assets, and macroeconomic data along with developments in the bond market are once again driving index movements.
The British pound is gaining against the US dollar, with GBP/USD trading near 1.3329 and extending a very cautious bullish move from the previous session. Market participants remain restrained ahead of the upcoming Federal Reserve decision, where traders expect a 25 bps rate cut to 3.75%.
EUR/USD. The European currency shows mixed dynamics in the EUR/USD pair, consolidating near 1.1645. Market activity remains low as investors are in no rush to open new trading positions ahead of the U.S. Federal Reserve meeting, scheduled for December 10.
The XAU/USD pair is consolidating, trading just below the 4,200.00 mark as market participants await the outcome of the U.S. Federal Reserve’s policy meeting scheduled for December 10. There is almost no doubt that the regulator will cut rates by 25 basis points to the 3.50–3.75% range. Updated macroeconomic projections to be presented alongside the decision may influence sentiment across global markets. Expectations of monetary easing are already supporting gold, which gained 1.2% over the past week, making it attractive to investors looking to hedge inflation and currency volatility risks. Despite fluctuations, the overall trend remains positive, with traders continuing to build long positions in anticipation of a weaker dollar and lower borrowing costs.
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